Hmmmmm.... I looked at the sale bill for that operation too. It was posted on another board. With the exception of one or two parcels I'd think that anyone bidding on the remaining pieces would still need to be wealthy past the point of needing to borrow the money. Most of it was broken into pieces ranging from 2000 to 5000+ acres. A fella would need one darn good pair of stones to take that much on in one year and farm it, never mind go out and borrow the money to buy the land, and then probably borrow the money to buy gear or lease the gear to farm it. I'd say not too many lenders would want to touch that, period. I'm assuming that not too many people have that kind of excess capacity sitting around to cover that kind of ground...
It reminds me of a loan that the government did here a number of years ago for the local wild blueberry processor (the largest in the world at that.... for those who know who I'm talking about). He wanted to expand the plant and specifically his freezer capacity. They gave him the money. I forget how many million it was, but it was I believe in the tens of millions..... and hte catch? HE had to PERSONALLY GUARNTEE the loan. He had the fricken money anyway, but hey loaned it to him..... supposedly since it was AG, the banks didn't want to touch it. Once he got his freezer space in place, another round of price control started, no doubt at the wholesale/retail end and inevitably at the farm end. It was nice how our money was used to help lower our prices... That's the government; here to help.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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